Transcription of Chapter 3 - Demand and Supply - Sample Questions …
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Chapter 3 - Demand and Supply - Sample Questions …
Chapter 3 - Demand and Supply - Sample QuestionsAnswers are at the end fo this fileMULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the ) A relative price isA) the ratio of one price to ) the difference between one price and ) the slope of the Supply ) the slope of the Demand )2) If the price of a candy bar is $1 and the price of a fast food meal is $5,A) the money price of a fast food meal is 1/5 of a candy ) the money price of a candy bar is 1/5 of a fast food ) the relative price of a fast food meal is 5 candy )
Chapter 3 - Demand and Supply - Sample Questions Answers are at the end fo this file MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) A relative price is A)the ratio of one price to another. B)the difference between one price and another. C)the slope of the supply curve.
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